Thursday, June 24, 2021

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SBI gets central board’s nod to raise Rs 14,000 crore via Basel-III compliant bonds

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The country's largest bank, State Bank of India, plans to raise upto Rs 14,000 crore through additional tier-I bonds (AT1 bonds) in current financial year (FY22) to enhance capital adequacy profile.

Indian Bank launched its QIP of Rs 4,000-crore; check details

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State-owned Indian Bank on Monday launched its qualified institutional placement (QIP) of shares to raise around Rs 4,000 crore. In March this year, the committee of directors had...

Airtel and TCS announce collaboration to build 5G networks in India

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Bharti Airtel and Tata Group have announced a strategic partnership for implementing 5G network solutions for India. This is the first time that an operator has tied-up with...

Intel partners with Reliance Jio to work on 5G network technology

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Intel Corp on Monday said it will partner with India's Reliance Jio to develop 5G networking technology. It will work on "co-innovations" with Reliance Jio for its 5G...

PNB Housing Finance approached SAT against SEBI order to halt Carlyle deal

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PNB Housing Finance has reached the Securities Appellate Tribunal (SAT) to register an appeal against SEBI who halted its ₹4,000-crore capital raise plan led by Carlyle group. Flashback...

India Pesticides IPO opens June 23; check issue size, price band, lot size, other...

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The Rs 800 crore India Pesticides IPO would open for subscription on Wednesday, June 23. The company has fixed the price band for the issue at Rs 290-Rs 296 per share.

HDFC Bank Ltd board recommends dividend of Rs. 6.50 for FY-21

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HDFC Bank on Friday said its board has declared a dividend of ₹6.50 per share of the face value of Re.1/- each (i.e. 650% on face value) out of the net profits...

India’s forex reserves hits another high of $608.08 billion

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The country's foreign exchange reserves surged by USD 3.074 billion to reach a record high of USD 608.081 billion. Foreign Currency Assets Foreign Currency...

SEBI issued new guidelines on Mutual Fund investment in interest rate swap

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SEBI on Friday issued guidelines for participation of mutual fund schemes in interest rate swap, a derivative product. What is Interest Swap? Interest swap is...

Sona Comstar IPO details

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Sona Comstar IPO to hit the market on 14 June 2021 and closes on 16 June 2021. The company to file RHP. The IPO to raise ₹6000 crore via initial public offer....

Inox Leisure launches Rs300 crore share sale

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India’s second largest multiplex chain Inox Leisure Ltd has launched a qualified institutional placement or QIP to raise up to Rs 300 crore. The announcement came after...

SEBI banned Franklin Templeton from launching new debt schemes for 2 yrs, fined ₹5...

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Market regulator SEBI has barred Franklin Templeton Asset Management (India) from launching new debt schemes for two years. and also imposed a penalty of ₹5 crore. Also, the...

PF holders can now take up to Rs 1 lakh medical advance for emergency...

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Employees' Provident Fund (EPF) members can now take up to Rs 1 lakh medical advance against their accumulated corpus for treatment due to emergency hospitalisation without submitting any estimate of the cost.

HUL to set up its fully owned subsidiary Unilever India Ltd to save on...

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According to its latest annual report, Hindustan Unilever has set up a new fully owned subsidiary - Unilever India Ltd last year, that will help the maker of Rin and Dove significantly lower taxes under corporate...

Banks can now sell Mallya’s properties worth ₹5,647 crore to recover dues

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The special Prevention of Money Laundering Act (PMLA) court has allowed the plea of the SBI-led consortium of banks to restore to it properties of absconding businessman Vijay Mallya, collectively worth Rs...

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